New Federal Database Will Monitor The Financial Data Of Nearly Every American

Big Government

A national financial database is being planned, which would contain the most intimate details of our entire financial lives. It may apply to as many as 227 million Americans. We learn from the Washington Examiner that:

As many as 227 million Americans may be compelled to disclose intimate details of their families and financial lives — including their Social Security numbers — in a new national database being assembled by two federal agencies.

The Federal Housing Finance Agency and the Consumer Financial Protection Bureau posted an April 16 Federal Register notice of an expansion of their joint National Mortgage Database Program to include personally identifiable information that reveals actual users, a reversal of previously stated policy.

(Read the rest of the story here…)

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